12 U.S.C. § 1461 - Short title

• Cite as: 12 U.S.C. § 1461
• Currency: Current through P.L. 116-193 (10/30/2020)

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This chapter may be cited as the "Home Owners' Loan Act."

Cite as 12 U.S.C. § 1461

Source: June 13, 1933, ch. 64, §1 (part), 48 Stat. 128; Pub. L. 101-73, title III, §301, Aug. 9, 1989, 103 Stat. 277.

Notes from the Office of Law Revision Counsel

current through 4/18/2020

CODIFICATION

Section is comprised of the first sentence of section 1 of act June 13, 1933. The remainder of section 1 of the Act included a table of contents for the Act.

AMENDMENTS

1989- Pub. L. 101-73 amended section generally, striking out "of 1933" after "Act".

EFFECTIVE DATE OF 1989 AMENDMENT

Pub. L. 101-73, title III, §305(c), Aug. 9, 1989, 103 Stat. 352, provided that: "The amendments made by section 301 [amending this chapter] relating to civil penalties shall apply with respect to violations committed and activities engaged in after the date of the enactment of this Act [Aug. 9, 1989], except that the increased maximum civil penalties of $5,000 and $25,000 per violation or per day may apply to such violations or activities committed or engaged in before such date with respect to an institution if such violations or activities-

"(1) are not already subject to a notice issued by the appropriate Federal banking agency or the Board (initiating an administrative proceeding); and

"(2) occurred after the completion of the last report of examination of the institution by the appropriate Federal banking agency (as defined in section 3 of the Federal Deposit Insurance Act [ 12 U.S.C. 1813 ]) occurring before the date of the enactment of this Act."